Using Casinos for Growth: The Benefits and Limits of Commercial Gambling as an Economic Development Strategy

Karl R. Geisler ()
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Karl R. Geisler: Idaho State University

A chapter in Regional Science Perspectives on Tourism and Hospitality, 2021, pp 277-292 from Springer

Abstract: Abstract The last three decades have seen explosive growth in the commercial gambling industry. Researchers have correspondingly studied the impacts of this industry as it emerged. This chapter draws together a number of key findings from the economics literature on casinos as the basis for informed regional development policy. The use of casino gambling as a tourism amenity is explained, followed by findings from the literature on social costs of casinos. These costs are contrasted by the literature on how casinos impact a number of important economic indicators including employment, income, and tax revenues. A number of geographic considerations of these benefits are then enumerated, including spatial limits. The chapter concludes with a short list of policy considerations for jurisdictions considering the legalization of commercial gambling as a basis for economic development.

Keywords: Casinos; Gambling; Regional development; Geographic spillovers (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-030-61274-0_14

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DOI: 10.1007/978-3-030-61274-0_14

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